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    GR   CA3900873025

GREAT ATLANTIC RESOURCES CORP.

(GR)
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Great Atlantic Resources : Starts Additional Diamond Drilling Program Targeting the New Otter Brook Gold Showing 100% Owned Golden Promise Gold Property - Central Newfoundland

09/22/2021 | 10:48am EST

VANCOUVER - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the 'Company' or 'Great Atlantic') is pleased to announce it is currently mobilizing a diamond drill to the eastern region of its Golden Promise Gold Property specifically to the area of the Otter Brook gold showing.

Drilling is scheduled to begin later this week. The Golden Promise Property is located within the central Newfoundland gold belt.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization on the Golden Promise Property.

Contact:

Andrew Job

Tel: 1-416-628-1560

Email: IR@GreatAtlanticResources.com

About Great Atlantic Resources Corp.

Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
GREAT ATLANTIC RESOURCES CORP. 0.00% 0.245 Delayed Quote.-2.00%
NEW FOUND GOLD CORP. 1.29% 7.87 Delayed Quote.-12.36%
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Financials
Sales 2021 - - -
Net income 2021 -2,26 M -1,81 M -1,81 M
Net cash 2021 1,24 M 0,99 M 0,99 M
P/E ratio 2021 -2,68x
Yield 2021 -
Capitalization 6,92 M 5,53 M 5,52 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 67,4%
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Managers and Directors
Christopher Ross Anderson President, Chief Executive Officer & Director
Scott Kent Chief Financial Officer & Director
Allan J. Beaton Independent Director
Barry Brown Secretary
Dave Martin Senior Geologist
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